Answer:
I, II and III.
Explanation:
Price ceiling refers to the price control policy that is used by the government to protect the customers who are not able afford goods at the prevailing price.
If government of a nation sets a price ceiling below the equilibrium price level then this will increase the quantity demanded for the product because now goods become more affordable to the consumers and decreases the quantity supplied because it will become less profitable for the producers.
Hence, the demand for goods exceeds the supply of goods, this will create a shortage of goods in an economy.
Answer:
A large marketing department is answer
Explanation:
I hope it's helpful!
Answer: level of satisfaction derived from a person's circumstances.
Explanation:
The utility a consumer derives from a product/service is the measure of the level of satisfaction the consumer derive from the product/service chosen. Utility can also be defined as the level of usefulness of a product to an end user.
Answer:
Explanation:
The debit and credit balance of trial balance is shown below:
Debit balance = Cash + Rent Expense + Dividends + Salaries Expense + Equipment + Accounts Receivable + Advertising Expense
= $12,850 + $2,400 + $1,500 + $4,300 + $12,935 + $5,700 + $1,370
= $41,055
And the credit balance = Service revenue + accounts payable + common stock
= $23,230 + $2,825 + $15,000
= $41,055
The preparation of the trial balance is given in the spreadsheet. Kindly find the attachment below:
